New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-23
THE MONEY MARKET.
SUNDAY, May 22-P. N.


Nh, Yr,.a a,.t.s Treasurer last week received from
cr.,on. "a 500 $780, and from internal revenue
80 GIT; total from both, S64o995T' against
81 O43 for preceding week. The Ireaaurys not
cash balances during the week were increased
60 7sa Cos but Of that amount S562oo3 was additional
deposits IN National banks leaving the amount anaea 70
that in the Treasurys vault 226052 The addition OF
s1 5a1 A24 gold was made up by accumulation OF
ss1 "a bulliou plus reduction Of SlOl4S7O In the
amount of outstanding certificates The gain In loyal
tender notes made by accumulation OF SIoeo4S
notes less issue Of 100000 certificates OF deposit
The gain IT. silyer-S275 s30was made up by an accu-
mutation Of bullion OF s755574 less an issue OF Sis9744
certificates Compared with the statement OF April 30,
YESTERDAYS statement shows addition to the net cash
balance, In the vaults Of S4026,432 but OF that sum
tbe coinage OF the standard dollar and the redemption OF
the trade dollar represents about 81 6000Oo so that In
the three time the Treasury has accumulated Tor
general circulation only about 81, 100000 Last week
the fund for redemption Of National bank notes was
reduced SG3s O54, and as $685. 800 per cents we're
withdrawn from deposit security OF National bank
noos and like amount legal tenders less 10 cent
took their place. actual retirement of National bank
notes for the week must have aggregated about
81 900 600 The issue OF notes. however, reduced
the net reduction to $591.3OL
Snboned arc the Saturdays statement as CON-
pared with tho' OF s 1857 May 81 ISL
Gold and bull,
less certlncates
S Sea sso4421lI ssl,70s $50 Inc. sl,53l42i
20 ss752s 2lss5s72 Inc 44s94o
Nat bank notes 3,2G6,iS6 S,24d935 Dec 1881
pg SpsSSs IN IA. 1C,59s2s9 l7l55792 Inc 5G255s
silver dollars and
thcates o. .7esla275 t7o5s5lO5 Inc 26SsSo
Totals, $500, ,O3l s2O3 297 $50 s2,7ss.CO5
held to redm Nat
blk notes, ncrdg
nm pc. III 67G6s5 11l.OSs,6Sl Dec 63so54
otavo balance Ss8 s3i $40 sg2 COS $4,000
pcj SILVER coiSs 2Gol45ls 2Go6G 2G6 Ines 575o
rot.,,,snce s1i5746465 sil0 924 s74 Inc $347s.4O9
Includes g. 5S7. 46S redeemed trade dollars
includes 6,G5s. 5S3 redeemed trade dollars
The bonds deposited last week TO secure bank note
circulation exceeded the amount Withdrawn ny @lo1'-
500 The changes were as follows Deposits, $3.50 90
currency Gs. SiO95OO 4la per cents and $4,000
per cents; Withdrawals $395.500 The net deposits OF
bonds to secure deposits in National banks
were 1865 600 as follows Deposits $22o,OOO +2 per
cents and 100000 per cents Withdrawals. $4,000
8 per cents
The bank statements still look askew. Yesterdays
statement reports in deposits Of 81 0S62oO while
the other changes call for increase of S509 100 Tue
statement reports loss OF S722900 specie anu gain OF
S9i7100 egal-tenders; net gain to the total reserve
of SOL 200 so tar as the operations the Sub Treas
ury affected the its actual gains In the
week ended Friday evening were p! ',OO5 com am
$i9l607 currency; net loss to the banks OF
II assumed that the statement OF May ii approx
mately reflected the total they stood nj INC
close OF business Friday. May 49, II follows that the
banks received during week from some source sums
specs ana legal tender aggrcgatng over SlSoOOop
The last bank statements show net loss III cash
April 80 of Sl7402OO. Hence. II the statements
are accepted without saying that the banks nave
lost considerable by methods DINER IMAM lat OF
treasury absorption Money may nave oecn h
and locked but If So has not yet beeh released ana
there nothing absurd than to suppose that II was
Withdrawn TO avoid taxation
The following compares the totals OF yeserdays statement
with the corresponding dates of 1886 and 1880;